Economy

UK economy shrinks by record 20% in April from March under coronavirus lockdown

LONDON (BLOOMBERG) – The UK economy contracted by a record 20.4 per cent in April from the previous month as businesses and workers reeled under the lockdown designed to control the coronavirus pandemic. The contraction, which followed a 5.8 per cent drop in March, will prompt louder calls for the government to press ahead with […]

World News

PA extends coronavirus state of emergency in occupied West Bank

Palestinian Authority President Mahmoud Abbas extends measure by one month for third time. The Palestinian Authority (PA) has announced a one-month extension of a state of emergency imposed in the occupied West Bank to try and curb the spread of the novel coronavirus. In place since March, the emergency measure has introduced a full lockdown that […]

World News

Coronavirus protection: Ingenious way Italian wine being used to help against COVID-19

We will use your email address only for sending you newsletters. Please see our Privacy Notice for details of your data protection rights. President of Emilia Wine Davide Frascari explained it was possible for wineries to contribute to the fight against coronavirus across Italy. Speaking to EuroNews, Mr Frascari explained the surplus of wine could be […]

Economy

S. Korea's May exports dive 46% as virus wipes out global demand

SEOUL • South Korean exports and imports suffered a precipitous decline in the first 10 days of May, underlining a bleak outlook for Asia’s fourth largest economy and international trade as the coronavirus crisis slammed global demand. Exports contracted 46.3 per cent year on year in the period, while imports fell an equally dizzying 37.2 […]